Panic of 1837

Panic of 1837

6th - 8th Grade

6 Qs

quiz-placeholder

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Panic of 1837

Panic of 1837

Assessment

Quiz

History

6th - 8th Grade

Medium

Created by

Denise Tate

Used 41+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Why did President believe the 2nd National Bank was "useless?"

It was too fancy.

It favored the common man.

It was too large.

It favored wealthy families.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What did President Jackson do, when he was presented a bill to keep the National Bank alive?

He joyfully approved the bill.

He woefully vetoed the bill.

He gave the National Bank an extension of 6 months.

He did nothing.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Why was the National Bank penniless?

They spent it foolishly.

Critters ate all the money in the bank.

The National Bank took out a loan from Spanish banks.

President Jackson withdrew all the funds from it.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

As a result of President Jackson taking all the federal funds from the National Bank,________________________________

Factories and companies had more money.

Factories and companies were left penniless.

All loans were forgiven.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Who was elected President and had to deal with the Panic of 1837?

President Van Buren

President James Monroe

President James Madison

President John Quincy Adams

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What happened to the cost of living with the Panic of 1837?

Prices remained the same, and the Industrial Revolution progressed to the benefit of all.

Prices all went up, and masses could no longer afford food and shelter.

Prices went down, and everyone could afford food and shelter.